A Canadian Imperial Bank of Commerce (CIBC) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie

The company, which is in the process of buying U.S.-based PrivateBancorp PVTB.O for $4.9 billion, said adjusted net income in retail and business banking - its biggest unit - grew 4 percent to C$648 million ($482.43 million), helped by volume growth and higher fees.

However, on a reported basis net income fell 1 percent to C$647 million.